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CNBC
Oct 10, 2012 4:00pm EDT
four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to loan it out. instead, the banks kept the money, bought back their own bonds and stock. they made their own balance sheets very good. they didn't spread the money around to businesses that were starving for financing. as a result, we had to cut our company in half. we had to lay off 7,000 employees and be very lean and mean to survive. well, it was a very unpleasant experience, and i don't feel like going through it again, but this was before obamacare, before increasing my taxes. i can see the future. >> it sounds like you're dealing with the results of a country that was overleveraged. there's
CNBC
Oct 2, 2012 7:00pm EDT
down pennsylvania's voter id law and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have a problem with the eidea of deductions. here you are. you guys are talking about the private sector all the time. so, i've been convinced because of the high rate of canadian home ownership, i'm not convinced of doing away with charitable deductions. $17,000 ceiling for all tax deductions acro
CNBC
Oct 10, 2012 7:00pm EDT
attack that is killed our ambassador in benghazi, house republicans grilled the obama administration today. and you won't believe what really happened. a lot of news has broken. >>> and don't forget, worldwide, i'm talking worldwide but especially in the usa, free market capitalism, always the beth path to prosperity, may well be unleashed once again. and that is just totally bullish. i'm larry kudlow. we'll be right back. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> i
CNBC
Oct 8, 2012 12:00pm EDT
. clearly the obama administration would like to pursue more regulatory policies towards traditional energies where the romney administration would certainly be more friendly towards traditional energy which is a bigger part of the s&p 500 index. financials would benefit under a romney administration due to the perception that some of the more onerous components of dodd-frank may not come to light. >> the financials have had many, many months to prepare for dodd-frank. they know what's coming down the pike. so is it going to make that much of a difference in an obama administration even in an environment where the overall health of the market improves, the economy improves, so financials may do better regardless of who is president next? >> may but i think financials are going to struggle in an environment where investment sensitivity is -- investment spending is starting to deteriorate. one of the other big key takeaways from our survey was just the impact of the current administration on business activity. 75% of executives that we surveyed responded that they've seen a strong or e
CNBC
Oct 8, 2012 7:00pm EDT
. the usda put into effect during the obama administration to try to reach out to minority groups. that's a worthy goal, but you don't do it with taxpayer money when it's irrelevant to the mission of the agency. frankly, it's something to be done in a different way. >> this has a gsa feel to it. it has nothing to do with the ag department's mission. it's wasting taxpayer money. the whole idea having people chanting, larry, is so offensive to me. these are federal employees. these are adults. i can't -- someone has to investigate this. this one really smells. >> absolutely. it creates animosity between the races. it doesn't help anything. it actually makes it worse. >> it sends the wrong message at the very least. alarry, thank you very much. >> you're welcome. >>> we asked the usda for a statement. here's what they told us. quote, usda offers a number of optional workshops and professional development opportunities in order to help employees better serve our customers. the suiter and those sessions were designed to foster overall diversity awareness and not to focus on a minority
CNBC
Oct 9, 2012 6:00am EDT
numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells and whistles in obama care to get it to work out. >> right. >> hold on. for the past year one of the talking points that's been said on this show many times was that the unemployment rate was worse than when obama started, right, that was the point. now that the numbers have switched and i'm not suggesting the numbers were right to begin with. i'm saying there is an irony to it. >> the irony is that it happened the month before the election. it gets to the first time in his presidency it's been below where he started. >> every month there's
CNBC
Oct 4, 2012 12:00pm EDT
small number. he focused also on the tremendous spending orgies the obama administration has been embarked upon from the almost $900 billion industry and sill ly solyndra. not supporting the keystone pipeline. i think romney knows what it takes. >> the previous administration wasn't pinching pennies either. i know you no that. good to have you on the show. when "halftime report" returns, what a romney win would mean for the dollar. we'll be right back. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. tdd#: 1-8
CNBC
Oct 5, 2012 12:00pm EDT
tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independ
CNBC
Oct 9, 2012 3:00pm EDT
? >> that's what i'm saying. and weirdly enough, "sesame street" actually asked the obama administration to pull the ad because they felt it was doing an injustice to "sesame street." i think separately from this, some context. obama raised $181 million in september. the $3 million swing from 2008 that wall street gave to obama and the $3 million it's now giving to romney, it's significant as a swing, but i don't think we should overstate the impact this will have electorally. on a deeper level, wall street is a contracting industry. that is simply a product of 2008. i think that would have happened regardless of whether or not mccain or obama had won. there is a degree of looking for a source of blame rather than, you know, this is a troubled time for wall street. again, i think that has a lot to do with the dynamics of the high levels of profitability wall street achieved 2004 through 2008. >> i see it as, here's an ad, and it makes the public look stupid. larry, you think they've gone too far in this. why? >> i wrote a book and outed a lot of the bad guys. i'm here to tell you that the d
CNBC
Oct 4, 2012 6:00pm EDT
big to fail. plus, why is the obama administration standing in the way of our brave military men and women from
CNBC
Oct 4, 2012 3:00pm EDT
, there are studies out there and even a former head of the economic committee in the obama administration, her and her husband came out with reports and studies years ago. when you lower taxes, it encourages businesses to put more money into the economy and hire and individuals to put more money into the economy and spend. [ overlapping speaking ] >> all else being equal, lower taxes are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last
CNBC
Oct 2, 2012 1:00pm EDT
is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront important questions how they are going to take forward their economic policy. steve, as you know, since day one, president obama's been extremely focused on achieving a more balanced relationship with china, one that create more opportunities for our workers, for our businesses, to export, to sell into china's growing market. we have invest ready considerably with a lot of engagement with china's economic decisionmakers to make sure as they continue to navigate their recovery, they do so in a way that creates export opportunities and we have seen results. we have seen their overall imbalance come down from 9 percentage points of gdp to 3 percentage points of gdp, seen u.s. exports to this market doubling, growing fa
CNBC
Oct 3, 2012 4:00pm EDT
that have been put throughout by the obama administration that are having a chilling effect on energy production in the united states. those three things alone would send signals to the marketplace. we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit redu
CNBC
Oct 8, 2012 4:00am EDT
jobs numbers. these chicago guys will do anything. can't debate, so change numbers. obama administration says it's ludicrous, but he stood by the remarks when he appeared on the kudlow report friday night. >> today the president was out on the stump and he didn't talk about 600,000 government workers added in the last two months. the largest number since the study's been done since 1948. he didn't talk about what you just talked about, 600,000 temporary. he talked about 7.8 for ate hours today. okay? 7.8. let's talk about how we get the 7.8. this election is too important to let one number that might be corrected next month determine the drought cooutcome of the el. >> joining us is david sim mons and lena is still with us. either of you got any sympathy with that view? >> not particularly. they're not going to be swayed one way are on yor the other by politics. the two don't always have to move in line with one another. so it's a hard art to make that it's been politically manipulated especially when the nonfarm payroll number was not 13 spectacular. >> speaking before th
CNBC
Oct 4, 2012 6:00am EDT
economic policies of the obama administration was in the fact that 50% of graduates cannot get jobs, that one in six americans are living in poverty. >> arianna, i thought all of those statistics were very compelling because they fit into the narrative that he had painted. and the narrative was that we could do better. this is not acceptable what obama has laid out or done in the last four years and there was an optimism to romney which could date nobody has really seen. the third part is something that i refer to as the bedroom test. it's also the kitchen and the living room. who do i want in my bedroom at nighttime or first thing in the morning for the next four years or the next eight years, and the answer was after last night, at least, that i'm comfortable with mitt romney. he's smart. he's in command of the facts. he knows what he wants to do, and he can be in charge. i think there was a comfort factor last night a lot of people had not seen. arianna said it, it's the old mitt romney or maybe it was john harwood, it was the one that everybody who knows romney for years saying
CNBC
Oct 10, 2012 6:00am EDT
cases. and i think having the bigger banks being held accountable. >> helps the obama administration too. >> well, definitely a political win in that sense. been begging for someone to walk out. >> none of this is what i think people really care or know about and when they look at the details, they don't understand it well enough. eventually that's the cheaper way to go. >> we know that they would never do anything, you know, deliberately to try and get reelected. >> you want to get the congresswoman? >> no, no. never do that. not to the chicago guys. in the old days, remember the kennedy -- used to buy votes and unions. >> he said he didn't want his father to buy a landslide. >> in west virginia. >> in west virginia. >> yes. >> that's where i'm from. >> in the '60s, you did it the right way. not all this subterfuge. >> congresswoman, thank you very much. >> thank you very much. >>> when we come back, could one senator push the u.s. over the fiscal cliff? we have a comment you can't afford to miss right after this. maybe new buildings? what about updated equipment? they can help, but rec
CNBC
Oct 10, 2012 2:00pm EDT
market would react poorly to an obama re-election. the major market indices have done very well under his administration. >> not to throw water on the entire segment, i have said i believe the senate race to be more important for the overall economy than the white house race. do you agree? >> they're both very important. obviously the structure of american government requires that the same party be in charge of everything if the system's going to work and the odds are the same party is not going to be in charge of everything after november. >> in terms of where we stand on the fiscal cliff, ben, whoever gets in, do you think that the outcome of the election is actually going to take away these so-called uncertainty that's hanging over us of the fiscal cliff or are we still going to be dangling in the air? >> we'll be dangling in the air. we're not going to get a sweeping referendum one way or the other no matters who wins the white house. you'll likely still have divided government. the theory is that basically if romney wins you are more likely to get a punt on the fiscal cliff
CNBC
Oct 5, 2012 9:00am EDT
department is cooking these numbers to help president obama. people said that during the bush administration too. they accused the bush administration of doing that. it is just not true. doesn't happen that way. and i think people need to have a real debate over the argument and not a cartoon debate about somehow darkened conspiracies with the number. >> so the discussion will happen on the sunday shows whether or not the week was about the president's performance in the debate, or this economic data. which wins? which one is more important? >> you know, the debate was seen by tens of millions of people. i think that's important. i've said all along during the campaign, the jobless numbers have been hyped in their importance because people are living in this economy. they feel what's happening to their lives and their own prospects. this is good news for the president but doesn't change what voters already know about their own lives and the prospects for their kids to get ahead, the prospects for them to get jobs if they don't have jobs now. i wouldn't overexaggerate. its a psychological thi
Search Results 0 to 17 of about 18